Hot Spot

LIVIN' OUT LOUD As a pulsing center of Asian nightlife, New Delhi has long been up there with, say, Pyongyang. Excluding five-star hotels and private clubs, there are only five bars and three nightclubs in a city of almost 14 million people. And yet, tired of tales from glittering Bollywood parties or raging Bangalore pub life, New Delhi's society writers are now peddling the rumor that theirs is fast becoming a happening capital. So is it? Simply, no. The bitter truth is that the only place ever to have known a paparazzi stakeout is T.G.I. Friday's. But whereas five years ago...